Revenues at Madrid-based international portal operator Idealista grew 18.8% YoY to €259million ($289 million) in 2023 according to files submitted to the Spanish government by Idealista Global, the parent company of Idealista.
EBITDA was $105 million and the EBITDA margin was an impressive 36.3%.
The Spain segment recorded revenue growth of 18% YoY to €155 million, while Portugal and Italy increased to €104 million, up 21% YoY.
Overall revenue from online publishing and advertising amounted to €230 million, with the rest of the revenue (€30 million) made up by other services including real estate credit brokerage, online booking development, vacation rental portal management and CRM, up 30.4% YoY.
However, the company made a loss of €79.7 million with a debt of €344 million, up circa 25% YoY.
Cinven took a 70% stake in Idealista earlier this year at a valuation of over €3 billion, with previous majority shareholder EQT retaining an 18% stake.
Property chains are one of the biggest threats to a home move—with the potential to destroy a vast number of...
Read More
CoStar continues to be the biggest story in our industry as it pursues an aggressive M&A strategy across global markets....
Read More
This week's funding and investment roundup starts in Germany, where immowelt (part of the Aviv Group) has closed its third...
Read More
This week's People Roundup starts in Singapore, where nearly 200 people have lost their jobs at PropertyGuru... Asia: PropertyGuru...
Read More
